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Looks like you're ****ting yourself, Doc.
Sell up and come back in March April
Doc I was talking about new blocks. Find where I said about LP.
Master - you were pumping this to high heaven saying the LP is going to land any day. Now your timescales are getting further and further out.
If we get to November with no LP, the SP will be less than a penny. To me, it is surely inconceivable we get anywhere near that point without the LP… what would be the reason? We either get it by April, or I fear we’ll never get it.
bigbench - have you watch the interview/presentation with MB where he makes the 1-3 months comment? He says it almost with exasperation, even saying he commented almost sarcastically to the minister how long we’ve already had to wait.
i don't think MB would of said 3 months if he wasn't super confident that was a realistic timescale...he knows more than most the snail pace of the authorities over there.
Doc, Thats the drilling season April til November.
We've waited here for 4 years another year wont make a difference .
November?! Master, your timescales keep getting further and further out.
People are flapping here. PM was awarded the EL for 25 years. The government has signed a contract with PM to explore and exploit the area .
With production sharing contracts, both PM and the government benefit.
The land on its own makes nothing for Mongolia.
So LP is PMs right as they have already paid for it.
Everything in Mongolia is slow . They are nomadic people who take life easy, unlike rat race in the western world.
Chillout and wait . Weve got till November to put heron on production.
SirBob/Bluechipz: As I said earlier today, we all know what we need to get this show moving. It's always the same story:
No (positive) news equates to SP deteriorisation - what a shame! But it is how it always is. We'd all like to know a bit more concerning the LP hold up.
Totally agree SirBob, some decent buys today though regardless which is reassuring.
Keep them fingers crossed we get some long awaited news soon.
GLA
Jimi. It looks like petro china is being discussed
There s a discussion on about another oil company other than petrochina on the eco warriors page for anyone interested couple of hours ago. GLA
Share Price might suffer moving forward as we edge past three months MB quoted….will zoom back up if LP granted, but belief will start to be eroded from here on in if no news very soon.GL all
So far today 0.5m more buys than sales and shares down 4%. Logic does not seem to want to work on this share. At some point something has to give on the SP cannot remain bottled up for much longer.
Let's question in when it's delayed but for now we need to allow extra time knowing that the CEO has said it's coming and the goverment is on board with it,
iamrich - "but we are still on time a week or month does not matter on a large scale business like this"
I'd usually agree, but given the delays already suffered, I'd say we're right to question why potentially more delays. Although we're not quite at the end of January so let's see!
Doc83 things sometimes takes longer and in the business world you can't actually put a time stamp on it, expecially of your getting things approved and stamped through various departments but we are still on time a week or month does not matter on a large scale business like this and what's being approved, we have the government who want this as much as we do and they need the oil out too, it will happen patience
(as usual from my modest POV)
1. We investors all know what is needed for the SP to blast off: grant of LP;
2. There is no obvious obstacle for obtaining the LP;
3. PM have chosen not to inform us investors why things are taking so long - not even that the respective authorities are holding up the process!
4. We long time investors have patience - but our patience is limited and needs to be fed by supporting information - otherwise we may just lose faith and start selling our holdings. That would probably result in a SP nose dive.
PM: Talk to us!!!
I have contacted the Mpram minister on messenger. Let's see if he gets back at all .
It's Mongolia. Nothing goes to schedule . Look at mpram. 3 times they gave a date for results, and still nothing 13 days later
iamrich - what are your thoughts on the fact the "1-3 months" timeline given by MB is all but up?
Patience for heaven's ke like children in a play ground *****ing, if you can't handle waiting this is the wrong game for you guys, seriously just give it a chance I have Upto march for LP and velociraptor to come in, but it could happen tmrw 15p by then that's 200% mark up easy money, things are moving now
MB has waited sooooo long for this to get going... (so have we!) he must be pumped knowing this is as close as it is.
Just look at how many large buys have gone through over the past week .
A few weeks back, I could sell huge amounts for 5.30p
Let's just hope this is a shake to get shares to fill a big order.
i don't think its to long to wait.